The latest chapter in the developing German trade tax issue unfolded in a meeting held earlier this month. The meeting, held by the Finanzausschuss (financial committee) of the German parliament in early April, counted the BaFin (the German bank regulator) and Deutsche Bundesbank (the German Federal Bank) among its attendees.

The draft tax bill from earlier this year appears to have been well received among industry experts, and, according to market sources, the financial committee has set a May 21, 2003 deadline to decide on the draft bill. The German parliament is expected to deliver its final decision June 6, 2003.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.